Recruitment glossary

What is Back pay?

Back pay is past wages and benefits, including bonus, overtime, etc., to which an employee is entitled either because of a retroactive increase or they are dismissed before the intended last pay date. Back pay can be court ordered; for example, if an employer unlawfully fires an employee, the employee may be due back wages for the time he/she was not allowed to work.


Application management
What is Superannuation?

Superannuation is an organisational pension program created by a company for the benefit of its employees.

Compliance
What is SMSF (Self Managed Superannuation Fund)?

SMSF (Self Managed Superannuation Fund) is a superannuation trust structure that provides benefits to its members upon retirement.The difference between …

Application management
What is Six Sigma?

Six Sigma is a set of management techniques intended to improve business processes by greatly reducing the probability that an …

Application management
What is a Reference Check?

A Reference Check occurs when an employer contacts a job applicant’s previous employers, professors, teachers or coaches and other sources …

Application management
What is Redundancy?

Redundancy occures when an employer reduces their workforce because a job or jobs are no longer needed.

Application management
What is a Preferred Supplier List (PSL)?

A preferred supplier list (PSL) is a list that companies have of recruiters they prefer to deal with. Only agencies …

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